Binance Partnering With Crypto Lending Firm Cred

Binance, one of the largest crypto exchanges in the world, is teaming up with Cred to offer cryptocurrency backed lending across its ecosystem; Cred allows its customers to both borrow money and earn interest on fiat currency and digital assets such as BTC, ETH and XRP; Cred is a licensed lender based in California and has secured over $300 million in lending capital; Cred will migrate a portion of its native “LBA” token to Binance’s blockchain network. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.